Economic Development in 10 Numbers. GM in San Antonio.
The numbers from GM Financial Co. economic development deal to build in San Antonio:
- $3.23 million in public incentives
- $24.5 million service center to be built
- 700 jobs created in San Antonio
- 490 people will be employed when the center opens in about 1 year
- $49,794 average annual wage
- $2.5 million grant from Texas Enterprise Fund
- $339,594 tax abatement over 6 years, at 50% tax abatement from San Antonio City Counci
- $406,148 tax abatement, a 90% tax abatement on real and personal property from Bexar County Commissioners
GM’s donations:
- $25,000 to My Brother’s Keeper in San Antonio, a program dedicated to keeping minority men in school
- $25,000 to Abbott in October
San Antonio Express News | Tax incentives draw GM Financial to San Antonio